Motilal Oswal: Axis Bank’s Q2 Collection Efficiency Recovers Sharply; Credit Cost Set To Moderate  
A pedestrian wearing a protective mask walks past an Axis Bank Ltd. branch on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Axis Bank’s Q2 Collection Efficiency Recovers Sharply; Credit Cost Set To Moderate  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Axis Bank Ltd. reported a steady quarter, led by strong growth, healthy retail fee traction, and controlled opex.

On the business front, loan growth picked up, led by higher disbursements in the small and medium enterprise portfolio under the Emergency Credit Line Guarantee scheme.

Retail growth also showed signs of improvement.

The bank made additional provisions of Rs 31.4 billion toward loans under moratorium and potential restructuring, which took cumulative additional provisions to approximately 1.9% of loans.

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Motilal Oswal Axis Bank Q2FY21 Result Update.pdf

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